NOT LISTED FOR SALE

511 E Tombigbee St Florence, AL 35630

Downtown Florence Neighborhood

Estimated Value: $218,086 - $282,000

-- Bed
1 Bath
2,020 Sq Ft
$127/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $112,000 $55 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $1,462/month

Highlights

  • Wood Flooring
  • Heating Available
  • 5-minute walk to Wilson Park

About This Home

As of April 2021

INVESTMENT - SOLD @ PRINT

Last Agent to Sell the Property

SHYLEE BRADFORD-BEVIS

Coldwell Banker Pinnacle Properties Listed on: 04/16/2021

Coldwell Banker Pinnacle Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,841

Home Design

  • Gable Roof Shape
  • Steel Frame
  • Shingle Roof
  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Linoleum

Utilities

  • Window Unit Cooling System
  • Heating Available

Additional Features

  • 2-Story Property
  • Lot Dimensions are 54x141.5

Listing and Financial Details

  • Assessor Parcel Number 24-01-11-3-002-061.000

Community Details

Overview

  • 5 Units
  • City Of Florence Subdivision

Building Details

  • Gross Income $1,525

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: MultiFamily
  • Type: Multiple Dwellings
  • Built Before 1978 (Y/N): Yes
  • Easements: None
  • Frontage Len: 54
  • Internet Addr Display Y N: Yes
  • Internet Auto Val Display Y N: No
  • Lot Dimensions: 54X141.5
  • Road Frontage Type: City Street
  • Shoals Pic Orig I D: 434216
  • Subdivision Name: City of Florence
  • Agent Only_ L A1 User Code: S8_1900533
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Linoleum, Wood (Flooring)
  • NumberOfBuildings: 1
  • Stories Total: 2

Exterior Features

  • Construction Materials: Frame/Steel
  • Roof: Composition, Gable, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Gravel (ParkingFeatures)

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric (Heating)

Lot Info

  • Range Aces: 0-.99 acres
  • Parcel Num: 24-01-11-3-002-061.000

Building Info

  • Year Built: 1940

Multi Family

  • GrossIncome: 1525
  • Total Units: 5

MLS Schools

  • Elementary School: City
  • Middle School: City
  • HighSchool: City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Apr 9, 2021
Sold by
Tim Rhodes Properties Llc
Bought by
I Love My Landlords Llc
Seller's Agent
SHYLEE BRADFORD-BEVIS
Coldwell Banker Pinnacle Properties
List Price
$112,000
Sold Price
$112,000
Current Estimated Value
$256,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,272
Avg. Annual Appreciation
19.26%
Original Mortgage
$276,000
Outstanding Balance
$248,318
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$7,954
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
I Love My Landlords Llc $171,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open I Love My Landlords Llc $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $112,000 0.0% $55 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $112,000 -- $55 / Sq Ft
Source: Strategic MLS Alliance (Cullman / Shoals Area)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,430 $29,180 $0 $0
2024 $1,430 $27,280 $0 $0
2023 $1,337 $1,260 $1,260 $0
2022 $929 $18,960 $0 $0
2021 $768 $15,680 $0 $0
2020 $674 $13,760 $0 $0
2019 $674 $13,760 $0 $0
2018 $654 $13,340 $0 $0
2017 $603 $13,000 $0 $0
2016 $603 $12,300 $0 $0
2015 $603 $12,300 $0 $0
2014 $747 $15,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SHYLEE BRADFORD-BEVIS

    Coldwell Banker Pinnacle Properties

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Map

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 166305

Strategic MLS Alliance (Cullman / Shoals Area)

APN: 24-01-11-3-002-061.000

Alabama Lauderdale County Florence 35630 Downtown Florence

511 E Tombigbee St, Florence, AL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Strategic MLS Alliance (Cullman / Shoals Area) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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